<PAGE> PAGE 1
000 B000000 12/31/98
000 C000000 0001015658
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 AUGUSTA PARTNERS, L.P.
001 B000000 811-07641
001 C000000 2126677649
002 A000000 ONE WORLD FINANCIAL CENTER, 31ST FLOOR
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10281
003 000000 N
004 000000 N
005 000000 N
006 000000 N
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007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A000001 AUGUSTA MANAGEMENT, LLC
008 B000001 A
008 C000001 801-52680
008 D010001 NEW YORK
008 D020001 NY
008 D030001 10281
010 A000001 PFPC INC.
010 B000001 85-1196
010 C010001 WILMINGTON
010 C020001 DE
010 C030001 19809
010 A000002 CIBC OPPENHEIMER CORP.
010 B000002 8-10574
010 C010002 NEW YORK
010 C020002 NY
010 C030002 10281
011 A000001 CIBC OPPENHEIMER CORP.
011 B000001 8-10574
011 C010001 NEW YORK
<PAGE> PAGE 2
011 C020001 NY
011 C030001 10281
012 A000001 PFPC INC.
012 B000001 85-1196
012 C010001 WILMINGTON
012 C020001 DE
012 C030001 19809
013 A000001 ERNST & YOUNG, LLP
013 B010001 NEW YORK
013 B020001 NY
013 B030001 10019
014 A000001 CIBC OPPENHEIMER CORP.
014 B000001 8-10574
014 A000002 CIBC WOOD GUNDY SECURITIES INC.
014 B000002 8-00000
014 A000003 CIBC SECURITIES INC.
014 B000003 8-00000
014 A000004 CIBC INVESTOR SERVICES INC.
014 B000004 8-00000
014 A000005 CIBC WOOD GUNDY PLC
014 B000005 8-00000
014 A000006 CIBC WOOD GUNDY IRELAND LTD.
014 B000006 8-00000
014 A000007 CIBC (SUISSE) S.A.
014 B000007 8-00000
014 A000008 CIBC BANK & TRUST CO. (CHANNEL ISLANDS) LTD.
014 B000008 8-00000
014 A000009 CIBC - HONG KONG BRANCH
014 B000009 8-00000
014 A000010 CIBC WOOD GUNDY SECURITIES INC.-HONG KONG BRA
014 B000010 8-00000
014 A000011 CIBC WOOD GUNDY SECURITIES (JAPAN) LIMITED
014 B000011 8-00000
014 A000012 CIBC - TOKYO BRANCH
014 B000012 8-00000
014 A000013 CIBC - TAIWAN BRANCH
014 B000013 8-00000
014 A000014 CIBC ASIA LTD.
014 B000014 8-00000
014 A000015 CIBC - SINGAPORE BRANCH
014 B000015 8-00000
014 A000016 CIBC WOOD GUNDY AUSTRALIA PTY LTD.
014 B000016 8-00000
014 A000017 CIBC TRADING, DE CORP.
014 B000017 8-49953
015 A000001 THE CHASE MANHATTAN BANK
015 B000001 C
015 C010001 NEW YORK
015 C020001 NY
015 C030001 10017
015 E010001 X
<PAGE> PAGE 3
015 A000002 ROYAL BANK OF CANADA
015 B000002 S
015 C010002 TORONTO
015 D010002 CANADA
015 E040002 X
015 A000003 STANDARD CHARTER BANK
015 B000003 S
015 C010003 SEOUL
015 D010003 SOUTH KOREA
015 E040003 X
018 000000 Y
019 A000000 N
019 B000000 0
020 A000001 MORGAN STANLEY & CO., INC
020 B000001 13-2655998
020 C000001 366
020 A000002 ROCHDALE SECURITIES CORP.
020 B000002 13-3360814
020 C000002 326
020 A000003 MONTGOMERY SECURITIES
020 B000003 94-1701676
020 C000003 256
020 A000004 GOLDMAN, SACHS & CO.
020 B000004 13-5108880
020 C000004 237
020 A000005 BT ALEX. BROWN, INC.
020 B000005 13-3311934
020 C000005 160
020 A000006 SMITH BARNEY, INC.
020 B000006 13-1912900
020 C000006 146
020 A000007 BEAR STEARNS & CO.
020 B000007 13-3299429
020 C000007 137
020 A000008 J.P MORGAN SECURITIES, INC.
020 B000008 13-3224016
020 C000008 117
020 A000009 LEHMAN BROTHERS INC.
020 B000009 13-2518466
020 C000009 116
020 A000010 MERRILL LYNCH, PIERCE, FENNER & SMITH
020 B000010 13-5674085
020 C000010 72
021 000000 2931
022 A000001 BT ALEX. BROWN, INC.
022 B000001 13-3311934
022 C000001 63572
022 D000001 71020
022 A000002 GOLDMAN SACHS & CO.
022 B000002 13-5108880
022 C000002 69889
<PAGE> PAGE 4
022 D000002 45171
022 A000003 MERRILL LYNCH, PIERCE, FENNER & SMITH
022 B000003 13-5674085
022 C000003 55835
022 D000003 52150
022 A000004 MORGAN STANLEY & CO.
022 B000004 13-2655998
022 C000004 53645
022 D000004 45505
022 A000005 SMITH BARNEY, INC.
022 B000005 13-1912900
022 C000005 51374
022 D000005 33383
022 A000006 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
022 B000006 13-2741729
022 C000006 36111
022 D000006 33848
022 A000007 CREDIT SUISSE FIRST BOSTON CORPORATION
022 B000007 13-5659485
022 C000007 26869
022 D000007 16894
022 A000008 PIPER JAFFRAY, INC.
022 B000008 41-0953246
022 C000008 17339
022 D000008 19890
022 A000009 CHARLES SCHWAB & CO., INC.
022 B000009 94-1737782
022 C000009 17727
022 D000009 16953
022 A000010 BANCAMERICA ROBERTSON STEPHENS
022 B000010 94-2524501
022 C000010 20570
022 D000010 13591
023 C000000 553274
023 D000000 509182
024 000000 N
026 A000000 N
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026 C000000 N
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048 A010000 0
<PAGE> PAGE 5
048 A020000 0.000
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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070 M010000 Y
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<PAGE> PAGE 8
073 A020000 0.0000
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074 A000000 10502
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074 D000000 13430
074 E000000 2450
074 F000000 138064
074 G000000 654
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074 R040000 44101
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<PAGE> PAGE 9
077 P000000 N
077 Q010000 Y
077 Q020000 N
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078 000000 N
080 A000000 NATIONAL UNION FIRE INSURANCE CO.
080 B000000 NONE
080 C000000 1200
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SIGNATURE MARY JANE MALONEY
TITLE MANAGER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
financial statement as of December 31, 1998.
</LEGEND>
<CIK> 0001015658
<NAME> AUGUSTA PARTNERS, L.P.
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 127558387
<INVESTMENTS-AT-VALUE> 157825664
<RECEIVABLES> 18799026
<ASSETS-OTHER> 53124
<OTHER-ITEMS-ASSETS> 10871410
<TOTAL-ASSETS> 187549224
<PAYABLE-FOR-SECURITIES> 1211430
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 67887104
<TOTAL-LIABILITIES> 69098534
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<DIVIDEND-INCOME> 616153
<INTEREST-INCOME> 1714629
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<EXPENSES-NET> 2692354
<NET-INVESTMENT-INCOME> (361572)
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<EXPENSE-RATIO> 1.87
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</TABLE>
